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IMF Deal Fuels Argentine Rally,
While Profit-Taking Hits Brazil

Markets in the Americas closed mixed Monday. Argentina's accord with the International Monetary Fund continued to fuel a rally, while profit-taking struck Brazil.

Argentine stocks posted the strongest gains among Americas markets, as the newly signed accord with the IMF continued to boost optimism in an economic recovery. The large-cap Merval Index added 1.8%, or 13.99 points, at 778.64 points. The broader General Index gained 1.4%,...